OTEC moves a step closer in Cayman Islands

Plans for a floating power plant that will harness solar energy stored in Cayman’s coastal waters are moving forward following the completion of an environmental impact study according to an article in Cayman Compass

The owners of OTEC Cayman Ltd., in Grand Cayman this week for a renewable energy conference, told the Cayman Compass their consultants have completed the required environmental studies, which will be submitted to the Environmental Assessment Board in the coming weeks.

Front view of OTIs OTEC floating power plant

Front view of OTIs OTEC floating power plant

Derek Dyson, secretary for OTEC Cayman, said, “We are confident we have done everything that has been asked of us from a regulatory perspective. Hopefully, they will see it the same way and give us the green light.”

The company signed a power purchase agreement with the Caribbean Utilities Company last year for 6.25 megawatts of energy. In the long term, they believe the floating power plant, connected to a shoreside facility by underwater cables, could be scaled up to provide up to 25 megawatts – around a quarter of Cayman’s peak power requirements.

Read the full article in Cayman Compass

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